BGSF (NYSE:BGSF) Posts Earnings Results, Misses Estimates By $0.22 EPS

BGSF (NYSE:BGSF) posted its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.22), FiscalAI reports. BGSF had a negative net margin of 11.98% and a negative return on equity of 18.91%. The business had revenue of $22.31 million during the quarter, compared to the consensus estimate of $24.50 million.

BGSF Stock Performance

NYSE:BGSF traded up $0.01 during mid-day trading on Thursday, hitting $5.65. 4,765 shares of the stock were exchanged, compared to its average volume of 20,179. The firm’s 50-day simple moving average is $5.47 and its 200 day simple moving average is $5.72. The stock has a market capitalization of $60.54 million, a price-to-earnings ratio of -5.65 and a beta of 0.46. BGSF has a fifty-two week low of $3.25 and a fifty-two week high of $8.22.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BGSF. Geode Capital Management LLC lifted its position in BGSF by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 112,454 shares of the company’s stock worth $521,000 after purchasing an additional 1,936 shares during the period. Empowered Funds LLC increased its holdings in BGSF by 14.2% in the 4th quarter. Empowered Funds LLC now owns 34,350 shares of the company’s stock valued at $159,000 after buying an additional 4,262 shares during the period. Bridgeway Capital Management LLC raised its position in shares of BGSF by 4.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 95,550 shares of the company’s stock valued at $442,000 after buying an additional 4,262 shares in the last quarter. Vanguard Group Inc. raised its position in shares of BGSF by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 537,706 shares of the company’s stock valued at $3,818,000 after buying an additional 10,546 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of BGSF by 89.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,484 shares of the company’s stock worth $211,000 after acquiring an additional 21,503 shares during the period. 37.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of BGSF in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BGSF has an average rating of “Reduce”.

BGSF Company Profile

BGSF, Inc (NYSE:BGSF) is a provider of comprehensive workforce management and professional staffing services. The company specializes in designing and administering programs that help organizations optimize their contingent labor, direct hire recruiting and managed service solutions. Through an integrated approach, BGSF delivers end-to-end support that encompasses the planning, deployment and oversight of talent across multiple business functions.

BGSF’s service offerings include strategic workforce planning, vendor management, compliance and risk management, onboarding, timekeeping and payroll administration.